I am in a difficult situation right now where I need some expert advice. I recently finished reading Tony Robbin's Money Master the Game book and he talks about Ray Dalio All Weather Portfolio approach that he recommends to everyone for an easy way to always make money no matter what the market looks like.
The All weather approach consist of: 40% Long Term Bonds; 30% Stocks; 15% Intermediate Bonds; 7.5% Gold; 7.5% Commodities;
I have consulted a couple of local financial advisors and they all have advised against this method. However I am in a position that I recently got a new job and have an old 401k that I need to roll over to an IRA. I am 25 years old and they all tell me I have time to recover against any big downturns in our economy and that I should invest aggressively, however I don't want to HAVE TO recover if you know what I mean, if possible. My goal is to set it up and not worry about it, set it and forget it. Has anyone had any experience with this type of portfolio or something close to it? I also want to have a separate investment account for more aggressive strategy. However I am just at a crossroad since everyone I talk to about it tells me to go aggressive with it, since I'm young and that I am capable of recovering from bad hits. Any recommendations and suggestions would be appreciated. Thanks ahead of time for looking into this.